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VSE (VSEC)
NASDAQ:VSEC
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.75Last Year’s EPS
0.87Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 17.33%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with significant achievements in the Aviation segment, strategic acquisitions, divestitures, and strong revenue growth projections. However, there are challenges noted in the Fleet segment's performance due to USPS transitions and integration-related margin dilution for recent acquisitions.Company Guidance
During the VSE Corporation Fourth Quarter and Full Year 2024 Results Conference Call on February 28, 2025, the company provided guidance for 2025, highlighting expected revenue growth in its Aviation segment between 35% to 40%. This growth is supported by acquisitions, with TCI and Kellstrom contributing approximately 26% to 28% to the overall increase. VSE anticipates outperforming market growth organically, aiming for high single-digit to low double-digit growth driven by market share gains and program expansion. The consolidated adjusted EBITDA margins are projected to range between 15.5% and 16.5%, with an anticipated offset of margin dilution from acquisitions by improvements in core aviation operations. The company expects interest expenses of $31 million to $33 million, an effective tax rate of 25%, and depreciation and amortization between $36 million to $38 million for 2025, all figures pre-fleet divestiture.Record Revenue and Profitability in Aviation Segment
VSE delivered record revenue and profitability for the Aviation segment in 2024. Revenue growth was driven by strong execution on new and existing distribution programs, expanded MRO capabilities, and contributions from recent acquisitions, leading to a 45% year-over-year increase to $786 million.
Strategic Acquisitions and Divestitures
VSE acquired Kellstrom Aerospace and Turbine Controls to expand its presence in the aviation aftermarket. It also divested its Federal & Defense Services segment and announced the sale of its Fleet segment, Wheeler Fleet Solutions, marking the final step in its transformation into a pure-play aviation aftermarket company.
Aviation Segment Growth Projections
The Aviation segment is expected to grow between 35% to 40% in 2025, with organic growth projected at high single-digit to low double-digit percentages, supported by market share gains, distribution program growth, and repair capability expansion.
Positive Cash Flow and Leverage Management
VSE generated $55 million of operating cash flow and $52 million of free cash flow in Q4 2024, driven by disciplined working capital management and strong operating results. The company maintained a net leverage of 2.5 times.
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VSEC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VSEC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $101.00 | $117.82 | +16.65% |
| Nov 06, 2024 | $106.11 | $116.36 | +9.66% |
| Jul 31, 2024 | $88.82 | $84.03 | -5.39% |
| May 08, 2024 | $84.96 | $80.44 | -5.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does VSE (VSEC) report earnings?
VSE (VSEC) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is VSE (VSEC) earnings time?
VSE (VSEC) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VSEC EPS forecast?
VSEC EPS forecast for the fiscal quarter 2025 (Q1) is 0.75.
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